Bookmark/Search this post

The investigation focuses on why Wall Street’s leaders have escaped prosecution for any fraud related to the sale of bad mortgages.

Interestingly, less than 24-hours after this expose aired, the DOJ Criminal Division Chief who headed up the investigation of the banks and mortgage companies, Lanny Breuer, has just announced his plans to move on from his position.

Warning: do not watch this if you currently have high blood pressure or wish to maintain any shred of confidence in our Justice system or fairness on Wall Street.

Note: If you're reading this and are not yet a member of Peak Prosperity's Economy Wonks Group, please consider joining it now. It's where our active community of economic enthusiasts share news and engage in debate regarding all things economic. Simply go here and click the "Join Today" button.

Join the discussion

7 Comments

Wow...DOJ was worried about "ripple effects if they prosecuted the banks! One of the biggest misses of Obama's legacy to "We the People" will have been his failure to bring the swindlers to court and stand trial for what today amounts to a trillion dollar heist of its citizens.

Just thinking about last night's show my body tenses up. Go down the list of what our country faces and it's like we're in this bad dream kind of inertia. I loved the prosecuter for the justice department ( Lanny Bruer) a man for the times.

This program is testimony to the fact that the upper reaches of society can commit financial crimes nearly at will and get away with it without even any little trouble. Jon Corzine stole millions of dollars clients money @ MF Global. One can only hope some disgruntled customer will take remedial action.